Emmerson pushes to start building Khemisset by year-end
Aim-listed Emmerson says it has made considerable operational, corporate and commercial progress towards delivering a “shovel-ready” Khemisset potash project, in Morocco, by the end of the year.
The year ended December 31, 2021, helped boost Emmerson’s net present value predictions for the project to $1.4-billion, thanks to improvements in potash prices.
The company continues to advance negotiations on debt and equity financing with a range of international and Moroccan institutions.
With the prevailing war in Ukraine having a considerable impact on fertiliser and food supply chains and prices, the importance of food security has never been clearer, and potash has a key role to play, says chairperson James Kelly.
About 40% of global potash production in 2021 came from Russia and Beralus, and these suppliers are likely to be constrained by sanctions of various natures for the foreseeable future.
Against this backdrop, the world needs new sources of potash.
The Khemisset project can be built in two years. It is envisioned to supply 735 000 t/y of muriate of potash for at least 19 years.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation